👉👉👉 Trader #JasonPizzino Says Solana and One Additional Altcoin Will Be First To Break Out Into New Highs This Year
A well-regarded analyst predicts that altcoins demonstrating relative strength during the recent crypto downturn will be the first to reach new highs this year.
Jason Pizzino, addressing his 108,800 followers on X, states that he is monitoring altcoins displaying bullish higher low setups.
“Strong #Altcoins👀🚀 continue to hold their higher lows. If they maintain these levels, they will be the first to break out into new, fresh highs and/or all-time highs in the second half of 2024.”
In a recent video update, Pizzino shared a list of altcoins that are performing better amid the market correction, highlighting two in particular.
“I’ve got some stronger stuff… #Solana is definitely one of those… Pendle is also holding above its 50% retracement level, showing a reasonable weekly close above $5.60.”
Pizzino suggests that the current decline in altcoin prices provides a prime opportunity for long-term investors to accumulate promising projects in anticipation of a rally later this year. He emphasizes that although deep drawdowns have occurred in the past, resilient altcoins typically experience substantial gains once market conditions improve.
“It’s happened before. We got there in the end. Solana, I think, is a great one. If you don’t believe, look back at some of these charts that dropped 80% over four to six months… and then see how they have surged since then. And that surge can last quite a while.”
Source - cointelegraph.com
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